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If a company has current assets of $20,160 and current liabilities of $11,200. Its current ratio...
CURRENT RATIO The Stewart Company has $1,009,500 in current assets and $434,085 in current liabilities. Its initial inventory level is $211,995, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.07 Round your answer to the nearest cent.
Gaia Vallante Gaia Vallante Assets Liabilities & Equity Current assets: Current liabilities: Cash 4,592 Accounts receivable 2,952 1,080 3,168 7,200 1,680 4,928 11,200 Accounts payable Accruals Notes payable Total current liabilities Inventories 0 1,012. 5 5,737.5 6,750 8,250 15,000 0 0 5,400 5,400 6,600 12,000 Total current assets Net fixed assets: Long-term bonds Total debt Net plant and equipment 8,800 8,800 Common equity Common stock 2,600 1,400 Retained earnings 3,250 1,750 5,000 20,000 Total common equity 4,000 16000 Total assets...
The liquidity ratio that consists of current assets divided by current liabilities is called the current ratio. True or False
The Nelson Company has $1,485,000 in current assets and $550,000 in current liabilities. Its initial inventory level is $440,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Round your answer to the nearest cent. $ What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two...
The Nelson Company has $1,400,000 in current assets and $500,000 in current liabilities. Its initial inventory level is $350,000, and it will raise funds as additional notes payable and use them to increase inventory. 1. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.4? Round your answer to the nearest cent. $________ 2. What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer...
The Stewart Company has $2,371,500 in current assets and $948,600 in current liabilities. Its initial inventory level is $616,590, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest cent.
The Stewart Company has $2,421,000 in current assets and $1,041,030 in current liabilities. Its initial inventory level is $605,250, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest cent.
The Stewart Company has $2,482,500 in current assets and $1,092,300 in current liabilities. Its initial inventory level is $744,750, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest dollar.
The Stewart Company has $2,286,500 in current assets and $937,465 in current liabilities. Its initial inventory level is $640,220, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest cent. $
The Nelson Company has $1,470,000 in current assets and $525,000 in current liabilities. Its initial inventory level is $367,500, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.6? Round your answer to the nearest cent.